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MAKK Consult

Active
Private limited companyfounded 20233 yrs activeOudeheerweg-Heide 56, 9250 Waasmunster, BelgiumKBO/BCE: BE 0803.038.452
Summary

MAKK Consult has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107,923 and a net result of €48,598. Its solvency ranks better than 17% of 7098 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability51▼-24
Solvency32▲+2
Growth52
Track record94
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.72 against 0.32 in 2024; short-term debt: 39.2% and cash: 6.5% of total assets), and 92.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
7.3%
Return on assets
3.3%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 7098 sector peers (2025).
NBB · sector comparison
Position among 7098 sector peers
Solvency
better than 17%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
26 d late
2024
367 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 197 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MAKK Consult was incorporated on 22 June 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€107,923▲ 81.9%
2024 · €59,325
Total assets
€1.5m▲ 26.8%
2024 · €1.2m
Net result
€48,598▼ 18.1%
2024 · €59,325
Working capital
-€164,438▲ 10.9%
2024 · -€184,641
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€87,131-€93,629▲ 7.5%
Net result€59,325above the sector's middle half-€48,598above the sector's middle half▼ 18.1%
Equity€59,325within the sector's middle half-€107,923within the sector's middle half▲ 81.9%
Total assets€1.2mabove the sector's middle half-€1.5mabove the sector's middle half▲ 26.8%
Debt€1.1m-€1.4m▲ 23.8%
Working capital-€184,641below the sector's middle half--€164,438below the sector's middle half▲ 10.9%
Solvency5.1%below the sector's middle half-7.3%below the sector's middle half▲ 2.2pp
Current ratio0.32below the sector's middle half-0.72below the sector's middle half▲ 0.40
Return on assets (ROA)5.1%within the sector's middle half-3.3%within the sector's middle half▼ 1.8pp
above within below the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000€100,000Operating result 2024: €87,131€87,131Net result 2024: €59,325€59,325Operating result 2025: €93,629€93,629Net result 2025: €48,598€48,59820242025€0€25,000€50,000€75,000€100,000Operating result 2024: €87,131€87,100Net result 2024: €59,325€59,300Operating result 2025: €93,629€93,600Net result 2025: €48,598€48,60020242025
The operating result rises in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets €1.1m ▼ 1.4%
Current assets €413,781 ▲ 377%
Equity and liabilities €1.5m
Equity €107,923 ▲ 81.9%
Debt €1.4m ▲ 23.8%
Debt's share of the balance-sheet total falls from 94.9% to 92.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€111,908▲
2024 · €93,127
Cash flow
€66,878▲
2024 · €65,321
Debt to equity
12.68▼
2024 · 18.63
ROE
45.0%▼
2024 · 100.0%
Interest coverage
3.35▼
2024 · 6.56
Debt ≤ 1 year
€578,219▲
2024 · €271,455
Debt > 1 year
€790,144▼
2024 · €833,538
Income taxes
€13,756▲
2024 · €13,606
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,514 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.4% went bankrupt
1.5% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,514 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.2m€1.5m▲
Fixed assets21/28€1.1m€1.1m▼
Tangible fixed assets22/27€1.1m€1.1m▼
Land and buildings22€1.1m€1.1m▼
Plant, machinery and equipment23-€2,782
Current assets29/58€86,814€413,781▲
Amounts receivable within one year40/41€49,016€317,502▲
Trade receivables40€45,580€118,223▲
Other amounts receivable41€3,436€199,279▲
Cash at bank and in hand54/58€37,798€96,279▲
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.5m▲
Equity10/15€59,325€107,923▲
Contributions10/11€5,000€5,000=
Reserves13€54,325€102,923▲
Distributable reserves133€54,325€102,923▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.1m€1.4m▲
Amounts payable after more than one year17€833,538€790,144▼
Financial debts170/4€833,538€790,144▼
Amounts payable within one year42/48€271,455€578,219▲
Current portion of amounts payable after more than one year42€28,818€38,350▲
Trade debts44€111,265€484,406▲
Suppliers440/4€111,265€484,406▲
Taxes, remuneration and social security45€96,742€50,463▼
Taxes450/3€96,742€50,463▼
Other amounts payable47/48€34,630€5,000▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,996€18,280▲
Other operating charges640/8€132,810€65▼
Gross operating margin9900€225,938€111,973▼
Operating profit (loss)9901€87,131€93,629▲
Financial income75/76B-€2,132
Recurring financial income75-€2,132
Financial charges65/66B€14,200€33,406▲
Recurring financial charges65€14,200€33,406▲
Profit (loss) for the period before taxes9903€72,931€62,355▼
Income taxes67/77€13,606€13,756▲
Profit (loss) for the period9904€59,325€48,598▼
Profit (loss) for the period to be appropriated9905€59,325€48,598▼
Appropriation of the result
Profit (loss) to be appropriated9906€59,325€48,598▼
Transfer to equity691/2€54,325€48,598▼
To other reserves6921€54,325€48,598▼
Profit to be distributed694/7€5,000€0▼
Directors or managers695€5,000€0▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,996€18,280▲ 205%
Other operating charges640/8€132,810€65▼ 100.0%
Gross operating margin9900€225,938€111,973▼ 50.4%
Operating profit (loss)9901€87,131€93,629▲ 7.5%
Financial income75/76B-€2,132-
Recurring financial income75-€2,132-
Financial charges65/66B€14,200€33,406▲ 135%
Recurring financial charges65€14,200€33,406▲ 135%
Profit (loss) for the period before taxes9903€72,931€62,355▼ 14.5%
Income taxes67/77€13,606€13,756▲ 1.1%
Profit (loss) for the period9904€59,325€48,598▼ 18.1%
Profit (loss) for the period to be appropriated9905€59,325€48,598▼ 18.1%
Line20242025Change
Assets
Total assets20/58€1.2m€1.5m▲ 26.8%
Fixed assets21/28€1.1m€1.1m▼ 1.4%
Tangible fixed assets22/27€1.1m€1.1m▼ 1.4%
Land and buildings22€1.1m€1.1m▼ 1.7%
Plant, machinery and equipment23-€2,782-
Current assets29/58€86,814€413,781▲ 377%
Amounts receivable within one year40/41€49,016€317,502▲ 548%
Trade receivables40€45,580€118,223▲ 159%
Other amounts receivable41€3,436€199,279▲ 5,699%
Cash at bank and in hand54/58€37,798€96,279▲ 155%
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.5m▲ 26.8%
Equity10/15€59,325€107,923▲ 81.9%
Contributions10/11€5,000€5,000=
Reserves13€54,325€102,923▲ 89.5%
Distributable reserves133€54,325€102,923▲ 89.5%
Profit (loss) carried forward14€0€0-
Amounts payable17/49€1.1m€1.4m▲ 23.8%
Amounts payable after more than one year17€833,538€790,144▼ 5.2%
Financial debts170/4€833,538€790,144▼ 5.2%
Amounts payable within one year42/48€271,455€578,219▲ 113%
Current portion of amounts payable after more than one year42€28,818€38,350▲ 33.1%
Trade debts44€111,265€484,406▲ 335%
Suppliers440/4€111,265€484,406▲ 335%
Taxes, remuneration and social security45€96,742€50,463▼ 47.8%
Taxes450/3€96,742€50,463▼ 47.8%
Other amounts payable47/48€34,630€5,000▼ 85.6%
Line20242025Change
Profit (loss) for the period9904€59,325€48,598▼ 18.1%
+ Depreciation and write-downs630€5,996€18,280▲ 205%
Operating cash flow (approximation)€65,321€66,878▲ 2.4%
Investment in fixed assets (approximation)--€3,281-
Change in cash-€58,482-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
01-07
State Gazette act General meeting · Incorporation
Director appointment · Permanent representative
26-02
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
02-02
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 367 days late
2025
30-06
Financial Equity above €100,000Eq €107,923 ▲81.9%
2 profitable years in a row build equity to €107,923.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waasmunster · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,289 m²
Building footprint
142 m²
Volume, LiDAR
558 m³
Parcel 42023A1033/00D000, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MAKK Consult
Oudeheerweg-Heide 56, 9250 WaasmunsterAgents specialised in the wholesale of other particular products
since 20232.346.511.261
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42023A1033/00D000 Flanders 1,289 m² 1 · 142 m² 6.4 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Connections & network

Depth

The group is listed under Ownership & control below; here you explore it as a network.

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Ownership & control

1 board mandate
Board mandates of this companythis company sits on their board1
1 location

Similar companies · same sector, comparable size

Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 5,582 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded22-06-2023
Fiscal year end30-06
Activities, NACEBEL 2025
73300Public relations and communication consultancy
64210Activities of holding companies
66199Other activities auxiliary to financial services, excluding insurance and pension funding
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
Contact
E-mail muhammet.akkus@msinfra.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0803038452
Also 9925:BE0803038452
Registered 28-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.